NOPEC

NOPEC

English

Proper noun

NOPEC

  1. Acronym of not in OPEC, the oil exporting nations not in OPEC, most significantly Russia, Norway and Mexico.

2. Acronym of NOPEC, US legislation: "No Oil Producing and Exporting Cartels Act," Congressional legislation to enforce Sherman Antitrust consumer protections against national oil producing cartels, such as OPEC and others.

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